Join NPS Online

About NPS

National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their working life. NPS seeks to inculcate the habit of saving for retirement amongst the citizens.
Under NPS, individual savings are pooled in to a pension fund which are invested by PFRDA regulated professional fund managers as per the approved investment guidelines in to the diversified portfolios comprising of Government Bonds, Bills, Corporate Debentures and Shares. These contributions would grow and accumulate over the years, depending on the returns earned on the investment made.
At the time of normal exit from NPS, the subscribers may use the accumulated pension wealth under the scheme to purchase a life annuity from a PFRDA empaneled Life Insurance Company apart from withdrawing a part of the accumulated pension wealth as lump-sum, if they choose so.

Benefits of NPS

Flexible - NPS offers a range of investment options and choice of Pension Funds (PFs) for planning the growth of the investments in a reasonable manner and monitor the growth of the pension corpus. Subscribers can switch over from one investment option to another or from one fund manager to another.
Simple - Opening an account with NPS provides a Permanent Retirement Account Number (PRAN), which is a unique number and it remains with the subscriber throughout his lifetime. The scheme is structured into two tiers:
Tier-I account: This is the non-withdrawable permanent retirement account into which the regular contributions made by the subscriber are credited and invested as per the portfolio/fund manager chosen of the subscriber.
Tier-II account: This is a voluntary withdrawable account which is allowed only when there is an active Tier I account in the name of the subscriber. The withdrawals are permitted from this account as per the needs of the subscriber as and when required.
Portable - NPS provides seamless portability across jobs and across locations. It would provide hassle-free arrangement for the individual subscribers while he/she shifts to the new job/location, without leaving behind the corpus build, as happens in many pension schemes in India.
Well Regulated - NPS is regulated by PFRDA, with transparent investment norms, regular monitoring and performance review of fund managers by NPS Trust. The account maintenance costs under NPS are the lowest as compared to similar pension products across the globe. While saving for a long-term goal such as retirement, the cost matters a lot as the charges can shave off a significant amount from the corpus over 35-40 years of investment period.
Dual benefit of Low Cost and Power of compounding: Till the retirement, pension wealth accumulation grows over the period of time with a compounding effect. The account maintenance charges being low, the benefit of accumulated pension wealth to the subscriber eventually become large.
Ease of Access : The NPS account is manageable online. An NPS account can be opened through the eNPS portal. Further contributions can be also be made online through the following eNPS portals of CRAs Proteantech CRA,Kfintech CRA and CAMS CRA.
Once the PRAN account is opened, an online login id and password is provided to the subscriber. He/she can login and view/manage his NPS account online, over a click.

Tax Benefits under NPS

Tier-I account: Amount invested under this category is exempted from Income Tax under section 80 CCD (1B) of Income Tax Act / Rules upto Rs. 50,000/-.
Tier-II account: Income Tax Exemption is not available in this category.

Eligibility

All Citizen Model

A citizen of India, whether resident or non-resident, subject to the following conditions:
Applicant should be between 18 – 60 years of age as on the date of submission of his/her application to the POP/ POP-SP.
Applicant should comply with the Know Your Customer (KYC) norms as detailed in the Subscriber Registration Form. All the documents required for KYC compliance need to be mandatorily submitted.

Corporate Model

For Corporates:

Corporate Model is available to any of the entities as under:-

Entities registered under Companies Act.
Entities registered under various Co-operative Acts.
Central Public Sector Enterprises.
State Public Sector Enterprises.
Registered Partnership firm.
Registered Limited Liability Partnership (LLPs).
Any Body incorporated under any act of Parliament or State legislature or by order of Central / State Government.
Proprietorship Concern.
Trust/Society.

For Subscribers

The employees of the corporate entity, enrolled by the employer having Indian Citizenship between the age of 18-60 years and complying with the KYC norms, are eligible to be registered as subscribers under NPS.

Pension Calculator

This pension calculator illustrates the tentative Pension and Lump Sum amount an NPS subscriber may expect on maturity based on regular monthly contributions, percentage of corpus reinvested for purchasing annuity and assumed rates in respect of returns on investment and annuity selected for https://npp.proteantech.in/

Compliance Officer

In case of any queries, please contact:
The Compliance Officer
Phone : 9176013807
Email : npsgrievance@kvbmail.com

Charges

Mediary	Charge Head	Service Charges*
Mediary	Charge Head	Private / Government				Lite/APY
CRA	PRAN Opening charges		CRA charges for account opening if the subscriber opts for Physical PRAN card (in Rs.)	CRA charges for account opening if the subscriber opts for ePRAN card (in Rs.)		Rs. 15.00
				Welcome kit sent in physical	Welcome kit sent via email only
		NCRA	40	35	18
		CCRA	40	-	18
		KCRA	39.36	39.36	4
		Note: The reduction in charges will be on the current charge structure and excludes applicable taxes.
		Charges will be applicable post release of the functionalities by CRAs to capture the choice of NPS subscribers to have physical or ePRAN card.
	Annual PRA Maintenance cost per account	NCRA: Rs. 69				NCRA: Rs. 20
		CCRA: Rs. 65				CCRA: Rs 16.25
		KCRA: Rs. 57.63				KCRA: Rs. 14.40
	Charge per transaction	NCRA: Rs. 3.75				Free
		CCRA: Rs 3.50
		KCRA: Rs. 3.36
	Instant Bank Account Verification	The existing charge structure for Instant Bank Acct verification which shall be recovered by CRAs from the Subscribers for further reimbursement to the service provider is as follows.
		(i) KFin Technologies Ltd (KCRA) - Rs. 1.90 + tax
		(ii) Computer Age Management Services Limited (CCRS) - Rs. 2.00 (Bank Account Verification through UPI)
		(iii) NSDL e-Governance infrastructure Pvt Ltd (NCRA) - Rs. 2.40 + tax
		The above charges include Re NIL credited in the SBA of the beneficiary as part of penny drop process.
POP	-	All Citizen and Corporate		Government		-
	Initial subscriber registration	Min ₹200/- to Max ₹400/- (negotiable within slab only)		NA		NA
	Initial and subsequent contribution upload / transactions	upto 0.50% of contribution, subject to Min. ₹30/- Max. ₹25000/- (negotiable within slab only) Non-Financial Rs. 30/-		NA		NA
	Persistency**	₹50/- per annum for annual contribution ₹1000/- to ₹2999/- ₹75/- per annum for annual contribution ₹3000/- to ₹6000/- ₹100/- per annum for annual contribution above ₹6000/- (Only for NPS All Citizen)		NA		NA
	e-NPS (for subsequent contribution)	0.20% of contribution, subject to Min. ₹15/- and Max. ₹10000/- (Only for NPS All Citizen and Tier II accounts)		NA		NA
	Processing of Exit / Withdrawal	@0.125% of Corpus with Minimum ₹125/- and Max ₹500/-		NA		NA
Trustee Bank	-	NIL
Custodian	Asset Servicing charges	0.000000001770% per annum for Electronic segment & Physical segment
PF Charges	Investment Management Fee	With effect from 1st April, 2021, following IMF shall be charged by the freshly appointed Pension Funds.				The IMF to be charged by the Pension Fund on the slab structure would be on the aggregate AUM of the Pension Fund under all schemes managed by Pension Funds.
		Slabs of AUM Managed by the Pension Fund		Maximum Investment Management Fee (IMF)		These rates of IMF shall be reviewed by the Authority in a period of five (5) years from the date of implementation.
		Upto 10,000 Cr.		0.09%*
		10,001 – 50,000 Cr.		0.06%
		50,001 – 1,50,000 Cr.		0.05%
		Above 1,50,000 Cr.		0.03%
		* UTI Retirement Solutions Ltd charges a fee of 0.07% under this slab.
NPS Trust	Reimbursement of Expenses	0.005% p.a
** Persistency fee is payable to POPs if you are associated with that POP for more than 6 months in a financial year.
* In the case of government employees, CRA charges are paid by the respective government.
GST or other govt taxes as applicable, are additional.
The revision of service charges for POPs on subscriber registration will be effective from 01st February 2022
Payment Gateway Service Charge (Applicable for transactions made on eNPS platform)	Mode of Payment		Method for Quotation Rate per Transaction		Payment Gateway Service Provider
	Mode of Payment		Method for Quotation Rate per Transaction		IndiaIdeas.com Limited (Billdesk) & Razorpay
	Credit cards		Percentage (%) of transaction value		0.75% of Transactional Value + GST
	Debit cards		Free		NA
	Internet Banking		Flat rate in INR		0
	UPI		Free		NA

Registration

Subsequent Contribution